SEOUL, Dec. 16 (Korea Bizwire) — Starting January 2, South Korea will allow foreign residents to file mandatory employment information online, easing a long-standing administrative burden, the Ministry of Justice said Tuesday. Foreign nationals engaged in profit-making work are legally required to report their occupation and income, and to file updates within 15 days of [...]
SEOUL, Dec. 16 (Korea Bizwire) — South Korea’s national space agency said Tuesday it is exploring the use of SpaceX’s next-generation Starship rocket to launch the country’s first Mars payload as early as 2030, part of a broader strategy to accelerate its participation in international deep-space exploration. At a briefing in Seoul, the Korea Aerospace Administration [...]
SEOUL, Dec. 16 (Korea Bizwire) — Culture Minister Chae Hwi-young said Tuesday the government will introduce comprehensive policies to improve the concert environment in order to further promote K-pop. Chae made the remarks during a policy briefing to President Lee Jae Myung. The government aims to build a new dome stadium with a capacity of [...]
SEOUL, Dec. 16 (Korea Bizwire) — The nominee for the Korea Media Communications Commission (KMCC) said Tuesday he would consider introducing a ban on teenagers’ use of social media platforms to protect underage users from harmful content online. Kim Jong-cheol, a professor at Yonsei Law School who was nominated last month by President Lee Jae [...]
SEOUL, Dec. 16 (Korea Bizwire) — The government aims to distribute 3.5 million eco-friendly heating, ventilation and air conditioning (HVAC) systems in the country by 2035 as part of efforts to tackle climate change, officials said Tuesday. With the distribution of the systems, also known as heat pumps, the government expects to cut greenhouse gas [...]
SEOUL, Dec. 16 (Korea Bizwire) — South Korea said Tuesday it will invest at least 4.5 trillion won (US$3.06 billion) to secure overseas logistics hubs as part of an effort to shore up exporters’ supply chains and reduce reliance on foreign-owned facilities. The Ministry of Oceans and Fisheries laid out the plan during a ministerial [...]
SEOUL, Dec. 16 (Korea Bizwire) — South Korea and the United Kingdom signed an upgraded free trade agreement aimed at easing rules of origin for Korean exporters and expanding access to Britain’s high-speed rail and digital services markets, Seoul’s trade ministry said Tuesday. The deal, signed in London by Korean Trade Minister Yeo Han-koo and [...]
SEOUL, Dec. 16 (Korea Bizwire) — South Korean lawmakers on Monday advanced a bill that would sharply increase financial penalties for companies responsible for major personal data breaches, amid rising public anger over a series of high-profile leaks. The bill, approved by the National Assembly’s Political Affairs Committee subpanel, would raise the maximum fine for [...]
SEJONG, Dec. 15 (Korea Bizwire) — South Korea’s Education Ministry said Monday it has begun a thorough review of how this year’s English section of the College Scholastic Ability Test (CSAT) was designed and vetted, after the unusually high level of difficulty triggered a national backlash and drew international media attention. The ministry acknowledged that the [...]
SEOUL, Dec. 15 (Korea Bizwire) — The government said Monday that sales of state-owned assets worth 30 billion won (US$20.3 million) will require mandatory prior reporting to the relevant standing committee of the National Assembly, amid concerns that public assets are being sold at undervalued prices. Under the measures announced by the Ministry of Economy [...]